Copia de Analisis Financiero Holcim

7/23/2019 Copia de Analisis Financiero Holcim

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TOTAL ACTIVOSActivos corrientes

disponibleEfectivo en caja y bamcos

exigible

Cuentas por cobrar terceros

Cuentas x cobrar a partes relacionadas

Cuentas x cobrar financieras

Realizable

impuestos por recuperar

Gastos pagados x anticipado

Activo mantenido para la venta

Activos no corrientes

Inversiones en asociadas

Cuentas por cobrar a partes relacionadas

Cuentas por cobrar financieras

Activo intangibleActivo por impuesto diferido

Otros activos

TOTAL PASIVO

Pasivos corrientes

Acreedores comerciales y otras cuentas por pagar

Cuentas por pagar a partes relacionadas beneficios a empleados

provisiones

Impuestos por pagar

Pasivos no corrientes

Obligaciones financieras

otros pasivos

Beneficios a empleados

Provisiones

PATRIMONIO

Inventarios

Propiedades, planta y euipo

Inversiones en subsidiarias

Obligaciones bancarias



TOTAL PASIVO Y PATRIMONIO

LIQUIDEZ

PRUEBA ACIDA

LIQUIDEZ EFECTIVA

CAPITAL DE TRABAJO

Capital socia I

!eserva lega I

"ltilidades retenidas

#otal patrimonio



HOLCIM ECUADOR SA

2012 2012 2013489741 628446

90152 18.41% 108693

8104 8.99% 229268104 100.00% 22926

31971 35.46% 2646911271 35.25% 9023

16292 50.96% 15351

4408 13.79% 2095

50077 55.55% 5929841184 82.24% 47644

6714 13.41% 890

2179 4.35% 21990 0.00% 8565

399589 81.59% 519753313379 78.43% 441090

49980 12.51% 49980

7015 1.76% 0

12829 3.21% 11589

14433 3.61% 8519

0 0.00% 61741225 0.31% 1412

728 0.18% 989

142652 29.13% 218864135993 95.33% 181330

0 0.00% 19309

29900 21.99% 54881

58213 42.81% 4490323698 17.43% 26254

10920 8.03% 10296

13262 9.75% 25687

6659 4.67% 375340 0.00% 20691

0 0.00% 11253

5139 77.17% 5418

1520 22.83% 172

347089 70 87% 409582



102400 29.50% 102400

51203 14.75% 51203

193486 55.75% 255979

489741 628446

INDICADORES DE LIQUIDEZ

AC

PC

AC-INV

PC

AC-PC

INDICADORES DE E

RECUSRSOS AJENOS

ACTIVO TOTAL

RECURSOS DE AJENOS A CORTO PLAZO

ACTIVO TOTAL

RECURSO DE AJENOSO A LARGO PLAZO

ACTIVO TOTAL

RECURSOS PROPIOS

ACTIVO TOTAL

CAPITAL SOCIAL

ACTIVO TOTAL



2013 2014 2014676055

0.1729551942 90339 0.133626702

21.09% 5007 0.0554245675100.00% 5007 100%

24.35% 12606 0.13954106234.09% 10305 81.75%

58.00% 1457 11.56%

7.91% 844 6.70%

54.56% 72726 0.805034370580.35% 59038 81.18%

1.50% 59 0.08%

3.71% 1663 2.29%14.44% 11966 16.45%

0.8270448058 585716 0.86637329884.87% 514083 87.77%

9.62% 53684 9.17%

0.00% 0 0.00%

2.23% 10400 1.78%

1.64% 5315 0.91%

1.19% 0 0.00%0.27% 1474 0.25%

0.19% 760 0.13%

34.83% 310836 45.98%82.85% 172906 55.63%10.65% 15746 9.11%

30.27% 55783 32.26%

24.76% 47566 27.51%14.48% 27039 15.64%

5.68% 1618 0.94%

14.17% 25154 14.55%

17.15% 137930 44.37%55.13% 132227 95.87%

29.98% 0.00%

14.43% 5703 4.13%

0.46% 0.00%

65 17% 365219 54 02%



25.00% 102400 28.04%

12.50% 51203 14.02%

62.50% 211616 57.94%

676055

2012 20130.6629164736 0.5994209452

0.3600773569 0.3366734683

-45841 -72637

DEUDAMIENTO2012 2013

0.2912804932 0.3482622214

0.2776835103 0.2885371217

0.0135969829 0.0597250997

0.7087195068 0.6517377786

0.2090901109 0.1629416052



VARIACION 12/13

DIRRENCIA EN ! "ORCENTA#E

138705 28.32%

18541 20.57%

14822 182.90%

-5502 -17.21%

-2248 -19.94%

-941 -5.78%

-2313 -52.47%

6460 15.69%

-5824 -86.74%

20 0.92%8565

0

0

120164 30.07%

127711 40.75%

0 0.00%

-7015 -100.00%

-1240 -9.67%

-5914 -40.98%

6174187 15.27%

261 35.85%

0

0

0

76212 53.43%

45337 33.34%

19309

24981 83.55%

-13310 -22.86%2556 10.79%

-624 -5.71%

12425 93.69%

0

30875 463.66%

20691 100.00%

11253 100.00%

279 5.43%

-1348 -88.68%

00

0

0.05

0.1

0.15

0.2

0

0.05

0.1

0.15

0.2

0.25

0.3

0.35

0.4

0.45

0.5



0 0.00%

0 0.00%

62493 32.30%

0

138705 28.32%

Por c! !"#r $e # e

20140.5224746394

Sin consi!err #os invent

0.1810289984

-82567 Si '(r to!os &is 'si

2014

0.45977916 e to!o e# ctivo tot# !

0.2557572979 # ctivo tot# !e *o#ci&

0.2040218621 # ctivo tot# !e *o#ci&

0.54022084# 54% !e &i ctivo tot

0.1514669664L e&'res !irect&ent



VARIACION 13/14

DIRRENCIA EN ! "ORCENTA#E

47609 7.58%

-18354 -16.89%

-17919 -78.16%

-13863 -52.37% cre&e1282 14.21%

-13894 -90.51%

-1251 -59.71%

11394 23.91%

-831 -93.37%

-536 -24.37%3401 39.71%

0

0

65963 12.69%

72993 16.55%

3704 7.41%

0

-1189 -10.26%

-3204 -37.61%

-6174 -100.00%62 4.39%

-229 -23.15%

0

0

0

91972 42.02%

-8424 -4.65%

-3563 -18.45%

902 1.64%

2663 5.93%785 2.99%

-8678 -84.29%

-533 -2.07%

0

100396 267.48%

111536 539.06%

-11253 -100.00%

285 5.26%

-172 -100.00%

00

2012 2013 2014.18408097340.17295519420.133626702

A$&'() $(**&+,+)/-$&'() (-+)

Activos corriente

2012 2013 2014

0.29128049320.3482622214

0.45977916

TOTAL "ASIVO

TOTAL PASIV



0 0.00%

0 0.00%

-44363 -17.33%

0

47609 7.58%

'res (st tiene tn so#o 52 centvos !e !"#r 'r c)rir !ic*o (st

rios vere&os $e nestro !e,cit es n &or 'es !ic*o !e,cit ##e(

os # ,n# !e este +o no ten!ri c'it# !e tr)/o #(no $e &i

e o#ci& res#t $e este est ,nnci!o en n 46% !e recrsos !e te

se encentr res'#!!o en n 26%'or !e! !e corto '#o

se encentr res'#!!o en n 20%'or !e! !e #r(o '#o.

# se encentr res'#!!o 'or !inero 'ro'io !e # e&'res.

se encentr ,nnci! en s ctivo tot# 'or n 15% 'or 'ortcion



s

2012 2013 2014

0.79

0.8

0.81

0.82

0.83

0.84

0.85

0.86

0.87

0.88

0.81591902660.8270448058

0.866373298

A$&'() ,( $(**&+,+)/ACTIVO TO

Ac

2012 2013 2014

0

0.1

0.2

0.30.4

0.5

0.6

0.7

0.8

0.7087195068 0.65173777860.54022084

"ATRIMONIO



o es !ecir 'r ese +o si # e&'res #e tocr '(r to!os ss 'siv

n 819 % L e&'res !e)eri &e/orr ss vents o 'ro!cir !e cor!

!e! $e!ri to!vi en n 82567 !o#res no 'o!ri continr &is

rceros es !ecir *(o so 'or c! !"#r 46 centvos $e son !e &is cre

es !e #os socios



AL

ivos no corrientes

PATIOIO

6%14%

81%

ACTIVO CORRIENTE A

!is'oni)#e ei(i)#e e#i



os !e in&e!ito ten!ri n !e,cit !e n 52%

e # !e&n! !e# &erc!o.

ncion&ientos.

e!ores.



O 2014

#e



HOLCIM

2012INRESOS 492535

'+,-) 470420

!ivi!en!os (n!os 19740

In(resos 'or servicios con 'rtes re#cion!s 0in(resos ,nncieros otros 2375

:OSTOS ; <ASTOS

=-> costo !e vents 295952

=-> (stos !e !&inistrcion vents 27518

Prtici'cion tr)/!ores 21433

otros (stos 6440

Tot# !e costos (stos 351343

?TILIA ATS IP?STO A LA TA 141192

I&'esto # rent 28200

ti#i!! net res#t!o inte(r# 112992ti#i!! net ccion 5.52

INDICADORES DE ACTIVIDArotcion cents @'or co)rr vents

cts co)rr

!is 360

95.9824629

rotcion cts 'or '<r costo !e ven'rovee!ores

!is 360

5.77



CUADOR SA

2013 2014564144 545891

95.51% 517561 91.74% 494566 90.60%

4.01% 31897 5.65% 37348 6.84%

0.00% 12565 2.23% 12413 2.27%0.48% 2121 0.38% 1564 0.29%

0.00% 0.00% 0.00%

0.00% 0.00% 0.00%

60.09% 340195 60.30% 319434 58.52%

5.59% 26895 4.77% 24031 4.40%

4.35% 23178 4.11% 23902 4.38%

1.31% 10893 1.93% 5734 1.05%

71.33% 401091 71.10% 373101 68.35%

28.67% 163053 28.90% 172790 31.65%

5.73% 30515 5.41% 30058 5.51%

22.94% 132538 23.49% 142732 26.15%0.00% 6.47 0.00% 6.97 0.00%

INDICADOR95.9824629

ro&e!io

3.75068517 O ?

PT

s 5.77304272 ro&e!io OA ?

AT

62.3916811



VARIACION 12/13 VARIACION 13/14

DIRRENCIA EN ! "ORCENTA#E DIRRENCIA EN ! "ORCENTA#E71609 15% -18253 -3%

47141 10% -22995 -4%

12157 62% 5451 17%

12565 100% -152 -1%-254 -11% -557 -26%

44243 15% -20761 -6%

-623 -2% -2864 -11%

1745 8% 724 3%

4453 69% -5159 -47%

49748 14% -27990 -7%

21861 15% 9737 6%

2315 8% -457 -1%

19546 17% 10194 8%0.95 17% 0.5 8%

S DE RENTAILIDAD SORE INVERSIN2012 2013

0.3255418639 0.323593322

0.2307178692 0.2108979928



Pr e# +o 2014 *)o n !ecre&ento !e n 3% en #s vents es !ecir se ven!

2014

0.39081209

0.21112483



$e eso no ecto # ti#i!! #i$i! !e # e&'res ni # ti#i!! 'or ccio



n &s )ien est tvo n creci&iento !e n 8% n $e este no se tn consi!



r)#e se !e)e to&r en cent $e e n +o !i,ci# 'or # econo&i &c*o



s 'r # e&'res $e !is&ino ss in(resos en to!s ss or&s.



HOL

2012ACTIVOS TOTALES 253715.7ACTIVOS CORRIENTES 66549.628ISPOIL 37347.6513

ectivo e$iv#entes !e eectivo 37347.6513BI<IL 13482.9547

:ents 'or co)rr co&erci#es otrs cents 'or co)rr 13482.9547

ALICAL 15719.0222

Inventrios 15719.0222

ACTIVOS NO CORRIENTES 187166.07Pro'ie!!es '#nt e$i'o neto 172323.802

Activos intn(i)#es 6438.51287

Inversiones en s)si!iris 5109.63376

Otros ctivos 3294.12287

TOTAL "ASIVO 145988.08"-)&'() C(**&+,+) 63574.38Prst&os 25899.7488

:ents '( co&er otrs cents '( 13659.7638

Psivos 'or i&' corrientes 12015.3214

O)#i(ciones c&#!s 9546.87995

Provisiones 2452.66642

"-)&'() N( C(**&+,+) 82413.704Prst&os 57501.7165

O)#i(ciones 'or )ene,cios !e,ni!os 9343.5533

Psivos 'or i&'estos !ieri!os 15568.4346

"ATRIMONIO 107727.65c'it# soci# 3776.22035

reserv #e(# 3013.55462

ti#i!!es reteni!s 100937.879

TOTAL "ASIVO "ATRIMONIO 253715.74

INDICA

LIQUIDEZ AC

PC

PRUEBA ACIDA AC-INV



LIQUIDEZ EFECTIVA PC

CAPITAL DE TRABAJO AC-PC

RECUSRSOS A

ACTIVO TOTAL

RECURSOS DE

ACTIVO TOTAL

RECURSO DE

ACTIVO TOTAL

RECURSOS P

ACTIVO TOTAL

CAPITAL SOCI

ACTIVO TOTAL



CIM ECUADOR SAEN MILES DE DOLARES

% 2013 % 2014239868 227692

26.23% 59964 25.00% 4790856.12% 35382 59.01% 21718

100.00% 35382 100.00% 2171820.26% 11159 18.61% 8206

100.00% 11159 100.00% 8206

23.62% 13423 22.39% 17984

100.00% 13423 100.00% 17984

73.77% 179904 75.00% 17978492.07% 172426 95.84% 173808

3.44% 4003 2.23% 3284

2.73% 2659 1.48% 2659

1.76% 816 0.45% 33

57.54% 126268 52.64% 10711843.55% 58865 46.62% 5406540.74% 26606 45.20% 12551

21.49% 12836 21.81% 18162

18.90% 10986 18.66% 13401

15.02% 8209 13.95% 9944

3.86% 228 0.39% 7

56.45% 67403 53.38% 5305369.77% 56252 83.46% 41835

11.34% 2074 3.08% 2459

18.89% 9077 13.47% 8759

42.46% 113600 47.36% 1205743.51% 1717 1.51% 1717

2.80% 859 0.76% 859

93.70% 111024 97.73% 117998

239868 227692

ORES DE LIQUIDEZ2012

DEF

DEF



DEF

INDICADORES DE ENDEUDAMIENTO2012

ENOS DEF

AJENOS A CORTO PLAZO DEF

JENOSO A LARGO PLAZO DEF

OPIOS DEF

L DEF



VARIACION 13/14 VARIACION% DIRRENCIA EN ! "ORCENTA#E DIRRENCIA EN !

-13847.7 -5.46% -12176

21.04% -6585.62811 -9.90% -12056

36.22% -1965.651295332 -5.26% -13664

100.00% -1965.651295332 -5.26% -1366413.68% -2323.954655086 -17.24% -2953

100.00% -2323.954655086 -17.24% -2953

29.99% -2296.022159582 -14.61% 4561

100.00% -2296.022159582 -14.61% 4561

0 DIVG0F 0

78.96% -7262.07189 -3.88% -120

96.61% 102.197610877 0.06% 1382

1.83% -2435.512873016 -37.83% -719

1.48% -2450.633762597 -47.96% 0

0.02% -2478.122865264 -75.23% -783

047.05% -19720.0847304 -13.51% -19150

42.82% -4709.380347 -7.41% -4800

21.32% 706.2511932 2.73% -14055

30.85% -823.7638008 -6.03% 5326

22.77% -1029.3213708 -8.57% 2415

16.89% -1337.8799502 -14.01% 1735

0.01% -2224.6664184 -90.70% -221

0 0

42.02% -15010.7043834 -18.21% -14350

62.07% -1249.7165256 -2.17% -14417

3.65% -7269.5532972 -77.80% 385

12.99% -6491.4345606 -41.70% -318

0

52.95% 5872.34592 5.45% 6974

1.51% -2059.2203526 -54.53% 0

0.76% -2154.5546202 -71.50% 0

103.87% 10086.1208928 9.99% 6974

0

0

-13847.7388104 -5.46% -12176

2013 2014DEF DEF

DEF DEF



DEF DEF

2013 2014

DEF DEF

DEF DEF

DEF DEF

DEF DEF

DEF DEF



13/14"ORCENTA#E

-5.08%

-20.11%

-38.62%

-38.62%-26.46%

-26.46%

33.98%

33.98%

-0.07%

0.80%

-17.96%

0.00%

-95.96%

-15.17%

-8.15%

-52.83%

41.49%

21.98%

21.14%

-96.93%

-21.29%

-25.63%

18.56%

-3.50%

6.14%

0.00%

0.00%

6.28%

-5.08%

2012 2013 2014

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

26.23% 25.00%21.04%

ACTIVOS CORRIENTES/ ACTIVO T

A:TIV

2012 2013 2014

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

57.54%

52.64% 47.05%

TOTAL "ASIVO



TAL

S :OITS

2012 2013 2014

71.00%

72.00%

73.00%

74.00%

75.00%

76.00%

77.00%

78.00%

79.00%

80.00%

73.77%75.00%

78.96%

ACTIVOS NO CORRIENTES/ACTIVO

A:TIVOS

TOTAL PASIVO

2012 2013 2014

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

42.46%

47.36%52.95%

"ATRIMONIO



TOTAL

O :OITS

45%

17%

38%

ACTIVO CORRIENTE AO 20

ISPOIL BI<IL ALICAL

PATIOIO



14



228215.739



st!o !e es#t!o Inte(r#

LAARE2012

I,*+)() 147061.7368costo !e vents 64796

&r(en )rto 82265.7368(stos !e !&inistrcion vents 18676costos ,nniceros 2688.7otros (stos neto 538.2

ti#i!! ntes !e i&'esto # rent 60362.8368

&enos (sto 'or i&'esto # rent

corriente 13305.5696!ieri!o 557.1808tot# 12748.3888

0ti#i!!es !e# +o 33751.6976

otro res#t!o inte(r#

155.5680

tot# res#t!o inte(r# !e# +o 33596.1296ti#i!! )Hsic 'or cci"n =en ?.S !"#res> 0.81

INDICrotcion cents @'or co)r

!is

rotcion cts 'or '<r

!is

nevs &e!iciones !e o)#i(ciones 'or)ene,cios !e,ni!os tot# otro inte(r#



2013 2014

165461 18603544.06% 98759 59.69% 105804

55.94% 66702 40.31% 80231-12.70% -16240 -9.82% -18300

-1.83% -2338 -1.41% -2729

-0.37% -468 -0.28% -1364

41.05% 47656 28.80% 57838

0.00%

9.05% 11558 6.99% 13673

-0.38% -484 -0.29% -318

8.67% 11074 6.69% 13319

0.00%22.95% 36582 22.11% 44519

0.00%

0.00%

-0.11% -140 -0.08% -103

0.00% 0.00%

22.84% 36442 22.02% 44416

0.00% 0.85 0.00% 1.03

DORES DE ACTIVIDAvents 0

cts co)rr 'ro&e!io

360 3.39782916 O

105.95

costo !e vents 0

'rovee!ores 'ro&e!io OA

360 62.3916811

5.77



VARIACION 12/13 VARIACION 13/14DIRRENCIA EN ! "ORCENTA#E DIRRENCIA EN ! "ORCENTA#E

18399.2632 12.51% 20574 12%

33963 52.42% 7045 7%

-15563.7368 -18.92% 13529 20%2436 -13.04% -2060 13%

350.7 16.32% -391 17%

70.2 -13.04% -896 191%

-12706.8368 -21.05% 10182 21%

-1747.5696 -13.13% 2115 18%

73.1808 27.00% 166 -34%

-1674.3888 15.23% 2245 20%

2830.3024 8.39% 7937 22%

15.568 -10.01% 37 -26%

2845.8704 8.47% 7974 22%

INDICADORES DE RENTAILIDAD SORE INVERSIN2012 2013

? DIVG0F DIVG0F

PT

? 0.448302723 0.379758428

AT



2014

DIVG0F

0

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